Liberalization of capital flows can benefit both source and recipient countries by improving resource allocation, reducing financing costs, increasing competiti

Liberalization of capital flows can benefit both source and recipient countries by improving resource allocation, reducing financing costs, increasing competiti

This is the fourth in a series of Board papers developing a comprehensive Fund view on capital flows and the policies that affect them. A first paper in Decembe

The Fund’s Institutional View (IV) recognizes the benefits of and risks associated with capital flows. Since the IV was adopted, a growing literature has prov

Capital flows have increased significantly in recent years and are a key aspect of the global monetary system. They offer potential benefits to countries, but t